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The vast majority of commercial real estate brokers will agree that a triple net lease is a real property lease in which the tenant is responsible for all expenditures, including the maintenance of common areas, taxes, property insurance, and utilities, in addition to the base rent.
Legal Tax Deductions in Commercial Real Estate are Not Always Utilized Owning commercial real estate can be highly lucrative, particularly when you utilize the numerous tax deductions legally available to property owners. Operating expenses necessary for managing your commercialproperty are fully deductible.
While the years of experience are important, the type of experience your propertymanager has is also important. You want to be sure they understand the market you’re in and how your property fits into that market. You wouldn’t hire a commercialpropertymanagement expert to manage your single-family homes.
In a gross lease, the landlord typically assumes responsibility for most of the property’s operating expenses, allowing the tenant to focus on their business with a predictable, all-inclusive rent. Typically, the landlord handles major expenses like property taxes and insurance, while the tenant might pay for utilities and maintenance.
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